GODIN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GODIN
Largest movements
- Receivables within one year -€20,492
down €20,492 (-74.2%), from €27,605 to €7,113
of which Trade receivables: -€19,829
- Tangible fixed assets -€6,721
down €6,721 (-22.0%), from €30,583 to €23,862
of which Furniture and vehicles: -€5,998
- Stocks and contracts +€3,055
up €3,055 (+88.9%), from €3,435 to €6,490
- Deferred charges and accrued income -€2,940
down €2,940 (-82.4%), from €3,568 to €628
- Receivables after one year -€2,291
no longer reported in 2023 (was €2,291)
- Profit (loss) carried forward -€19,250
down €19,250 (-319.5%), from -€6,024 to -€25,274
- Advances received -€7,988
down €7,988 (-97.7%), from €8,179 to €191
- Trade debts -€3,813
down €3,813 (-25.3%), from €15,061 to €11,248
- Accrued charges and deferred income -€1,968
down €1,968 (-35.4%), from €5,566 to €3,599
- Tax, wage and social debts +€1,448
up €1,448 (+30.5%), from €4,753 to €6,200
- Gross operating margin -€27,163
down €27,163 (-54.2%), from €50,086 to €22,923
- Financial income +€7,262
up €7,262 (+4863.4%), from €149 to €7,411
of which Non-recurring financial income: +€7,008
- Other operating charges -€4,243
down €4,243 (-45.4%), from €9,344 to €5,101
- Financial charges -€2,750
down €2,750 (-79.7%), from €3,450 to €700
of which Non-recurring financial charges: -€2,895
- Depreciation +€1,339
up €1,339 (+20.2%), from €6,631 to €7,970
From the 2022 result to the 2023 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,134 | €59,273 | -€30,861 | -34.2% |
| Fixed assets | 21/28 | €31,529 | €24,808 | -€6,721 | -21.3% |
| Tangible fixed assets | 22/27 | €30,583 | €23,862 | -€6,721 | -22.0% |
| Land and buildings | 22 | €4,498 | €3,754 | -€743 | -16.5% |
| Plant, machinery and equipment | 23 | €2,292 | €2,646 | +€353 | +15.4% |
| Furniture and vehicles | 24 | €23,113 | €17,115 | -€5,998 | -25.9% |
| Other tangible fixed assets | 26 | €681 | €347 | -€334 | -49.0% |
| Financial fixed assets | 28 | €946 | €946 | = | 0.0% |
| Current assets | 29/58 | €58,605 | €34,465 | -€24,140 | -41.2% |
| Amounts receivable after more than one year | 29 | €2,291 | - | -€2,291 | |
| Other amounts receivable | 291 | €2,291 | - | -€2,291 | |
| Stocks and contracts in progress | 3 | €3,435 | €6,490 | +€3,055 | +88.9% |
| Stocks | 30/36 | €3,435 | €6,490 | +€3,055 | +88.9% |
| Amounts receivable within one year | 40/41 | €27,605 | €7,113 | -€20,492 | -74.2% |
| Trade receivables | 40 | €25,595 | €5,766 | -€19,829 | -77.5% |
| Other amounts receivable | 41 | €2,010 | €1,347 | -€663 | -33.0% |
| Cash at bank and in hand | 54/58 | €21,706 | €20,234 | -€1,472 | -6.8% |
| Deferred charges and accrued income | 490/1 | €3,568 | €628 | -€2,940 | -82.4% |
| Total equity and liabilities | 10/49 | €90,134 | €59,273 | -€30,861 | -34.2% |
| Equity | 10/15 | €12,576 | -€6,674 | -€19,250 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€6,024 | -€25,274 | -€19,250 | -319.5% |
| Amounts payable | 17/49 | €77,559 | €65,947 | -€11,612 | -15.0% |
| Amounts payable after more than one year | 17 | €44,000 | €44,709 | +€709 | +1.6% |
| Financial debts | 170/4 | - | €709 | +€709 | |
| Other amounts payable | 178/9 | €44,000 | €44,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,992 | €17,640 | -€10,352 | -37.0% |
| Trade debts | 44 | €15,061 | €11,248 | -€3,813 | -25.3% |
| Suppliers | 440/4 | €15,061 | €11,248 | -€3,813 | -25.3% |
| Advances received on contracts in progress | 46 | €8,179 | €191 | -€7,988 | -97.7% |
| Taxes, remuneration and social security | 45 | €4,753 | €6,200 | +€1,448 | +30.5% |
| Remuneration and social security | 454/9 | €4,753 | €6,200 | +€1,448 | +30.5% |
| Accrued charges and deferred income | 492/3 | €5,566 | €3,599 | -€1,968 | -35.4% |
| Remuneration, social security and pensions | 62 | €35,668 | €35,813 | +€145 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,631 | €7,970 | +€1,339 | +20.2% |
| Other operating charges | 640/8 | €9,344 | €5,101 | -€4,243 | -45.4% |
| Gross operating margin | 9900 | €50,086 | €22,923 | -€27,163 | -54.2% |
| Operating profit (loss) | 9901 | -€1,558 | -€25,961 | -€24,404 | -1566.6% |
| Financial income | 75/76B | €149 | €7,411 | +€7,262 | +4863.4% |
| Recurring financial income | 75 | €127 | €382 | +€254 | +199.6% |
| Non-recurring financial income | 76B | €22 | €7,030 | +€7,008 | +31983.9% |
| Financial charges | 65/66B | €3,450 | €700 | -€2,750 | -79.7% |
| Recurring financial charges | 65 | €333 | €478 | +€145 | +43.6% |
| Non-recurring financial charges | 66B | €3,117 | €222 | -€2,895 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,858 | -€19,250 | -€14,391 | -296.2% |
| Profit (loss) for the period | 9904 | -€4,858 | -€19,250 | -€14,391 | -296.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,858 | -€19,250 | -€14,391 | -296.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.